Proposed tax debt disclosure laws ‘unlikely to help SMEs’, says debt collection agency’s CEO
By Roger Mendelson · 31 January 2018 · Cashflow
By Roger Mendelson · 31 January 2018 · Cashflow
A proposed tax debt disclosure law aims to 'help' SMEs, but its CEO warns of unintended consequences. Will this move actually harm the very businesses it's meant to support?
Much has been said about the benefits SMEs will see from new draft legislation recently proposed by the Federal Minister for Revenue and Financial Services authorising the Australian Taxation Office to disclose business tax debts to credit reporting bureaus. While the stated aim is to “help the SME sector”, in reality SMEs will be largely […]
Tags: ATO, Credit, credit reporting bureau, debt disclosure credit checking, Prushka Fast Debt Recovery, Roger Mendelson, Sme, Tax